- Deckmatch has secured $3.1 million in seed funding from Alliance VC and Luminar Ventures.
- The startup automates information processing for personal market traders to assist supply offers.
- BI bought an unique have a look at the 13-slide pitch deck the startup used to safe the funding.
A startup that helps non-public market traders automate their work has secured $3.1 million in seed funding.
Norway-based Deckmatch has developed an API that takes unstructured information — similar to pitch decks and funding memos —and turns it into structured information. This information may be embedded into enterprise instruments and workflows, similar to Slack.
For instance, the startup’s platform gathers information from pitch decks and sends it to shoppers’ inboxes, integrating this enter into their buyer relationship administration methods and producing a memo to accompany it.
“It is doing the donkey work for traders,” stated cofounder and CEO Leopold Gasteen. “We wish to deliver what Google has completed for search to a comparatively slender subdomain, which is non-public markets information,” he added.
The startup, which launched in 2023, additionally helps traders supply offers. “One of many core options of the enrichments is sourcing related firms,” Gasteen instructed Enterprise Insider.
Deckmatch’s platform permits customers to search out related firms to these concerned within the offers submitted on its platform. Its API additionally solutions questions similar to, “Discover me a startup working on this particular subdomain with a founder that has expertise at an S&P500 firm,” stated cofounder and CTO Walid Mustapha.
The startup generates income by charging a license price to entry the platform.
Whereas fundraising, the Deckmatch crew had a strict rule — they might solely settle for funding from VCs who have been utilizing their platform.
Deckmatch stated its $3.1 million seed spherical was oversubscribed. It was led by Alliance VC and Luminar Ventures, with participation from First Diploma Capital and Skyfall Ventures.
With the contemporary funding, Deckmatch plans to double down on its analysis and improvement efforts.
Take a look at the 13-slide deck it used to safe the funding.
